NEW DELHI (Commodity Online): India's food inflation based on the wholesale price index (WPI) has fallen sharply to 9.08% for the week ended November 12, 2011 from 10.39% the previous week.
Among the major food commodities that witnessed decline were poultry chicken (6%), bajra and fruits & vegetables (2% each) and condiments & spices, urad, fish-inland, maize and moong (1% each).
However, the prices of masur and coffee (4% each), tea (2%) and barley, ragi, fish-marine, wheat and gram (1% each) moved up.
The index for 'Food Articles' group declined by 0.7 percent to 198.5 (Provisional) from 199.8 (Provisional) for the previous week .
The index for 'Non-Food Articles' group declined by 0.7 percent to 174.7 (Provisional) from 175.9 (Provisional) for the previous week due to lower prices of raw rubber (9%), gaur seed (3%), sunflower, groundnut seed and raw cotton (2% each) and mesta, copra, coir fibre and castor seed (1% each). However, the prices of flowers (9%), fodder and gingelly seed (3% each), linseed and raw silk (2% each) and raw jute and rape & mustard seed (1% each) moved up.
The index for 'Minerals' group rose by 0.4 percent to 310.5 (Provisional) from 309.2 (Provisional) for the previous week due to higher prices of crude petroleum (1%).
The index and annual rate of inflation calculated on point to point basis remained unchanged at their previous week’s level of 171.5 (Provisional) and 15.49 percent (Provisional) for the week ended 12/11/2011 (over 13/11/2010).
